One of the short-listed bidders, who declined to be
identified because the process was confidential, said the sale
of Prudential's South Korean securities and asset management
businesses was expected to fetch less than $500 million.

Hanwha confirmed that it was one of the shortlisted bidders
and said the process has made little progress so far.

"To our knowledge, we are included in the list," its
spokesman said, reiterating that they expected a preferred
buyer would be picked either later this month or early
February. [ID:nTOE60B00V]

Private equity fund CVC and South Korea's KB Financial
Group (105560.KS: Cotización) have also been shortlisted, two sources
familiar with the process said.
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